We provides Shariah-compliant financing solutions to meet all clients needs.
Last update: 1/May/2023
Prices of Finance and Saving Products
| Finance Amount | Repayment Period in Years | Annual Percentage Rate | Monthly Installment Amount | Administrative Fees | Fixed Annual Rate | Finance Period in Months |
|---|---|---|---|---|---|---|
| Finance without a guarantor (civil public sector only) | ||||||
| 100,000 | 5 | 29.03% | 2,916 | 1% | 15% | 60 |
| Finance with a guarantor (civil public sector) | ||||||
| 100,000 | 5 | 26.30% | 2,791 | 1% | 13.50% | 60 |
| Finance with a guarantor (private sector) | ||||||
| 100,000 | 5 | 28.14% | 2,875 | 1% | 15.50% | 60 |
| Financing without a guarantor (employees of the General Organization for Social Insurance) | ||||||
| 100,000 | 5 | 14.66% | 2,291 | none | 7.50% | 60 |
The above tables are mere examples, and the annual percentage rate (APR) may change according to the amount, repayment period, and credit score of each client
| Product | Repayment Period in Years | Annual Percentage Rate | Administrative Fees | Minimum (or) maximum administrative fees | Fixed Annual Rate |
|---|---|---|---|---|---|
| Murabaha - Tawarruq | From one to 60 months | From 15.37% to 28.04% | From 0% to 3% | A minimum of zero - a maximum of SAR 300 thousand | From 8% to 15% |
The above table are mere examples, and the annual percentage rate (APR) may change according to the amount, repayment period, and credit score of each client
Administrative fees for individuals
1% of the financing amount or 5,000 riyals, whichever is less.
Corporate administrative fees
Start from 1.5% of the financing amount.
Indebtedness certificate:
575 SR including tax.
No objection letter:
575 SR including tax.
Individual Finance
| Finance Type | Finance Amount | Repayment Period in Years | Annual Percentage Rate | Monthly Installment Amount | Administrative Fees | Fixed Annual Rate | Finance Period in Months |
|---|---|---|---|---|---|---|---|
| Finance without a guarantor (civil public sector) | 100,000 | 5 | 29.03% | 2,916 | 1% | 15% | 60 |
| Finance with a guarantor (public sector) | 100,000 | 5 | 26.30% | 2,791 | 1% | 13.50% | 60 |
| Finance with a guarantor (private sector) | 100,000 | 5 | 28.14% | 2,875 | 1% | 15.50% | 60 |
| Financing without a guarantor (employees of the General Organization for Social Insurance) | 100,000 | 5 | 14.66% | 2,291 | 1% | 7.50% | 60 |
SMEs Finance
| Product | Repayment Period in Years | Annual Percentage Rate | Administrative Fees | Minimum (or) maximum administrative fees | Fixed Annual Rate |
|---|---|---|---|---|---|
| Murabaha - Tawarruq | From one to 60 months | From 15.37% to 28.04% | From 0% to 3% | A minimum of zero - a maximum of SAR 300 thousand | From 8% to 15% |
The above tables are mere examples, and the annual percentage rate (APR) may change according to the amount, repayment period, and credit score of each client
Fees and Commissions
Administrative fees for individuals
1% of the financing amount or 5,000 riyals, whichever is less.
Corporate administrative fees
Start from 1.5% of the financing amount.
Indebtedness certificate:
575 SR including tax.
No objection letter:
575 SR including tax.